The euro has continued to strengthen with strategists debating whether the boost was from China's move to diversify its foreign holdings.» Read More
--We are affirming our' A-' long-term and' A-2' short-term corporate ratings on Tyco and wholly owned finance subsidiary Tyco International Finance S.A.. Rating Action On Oct. 3, 2012, Standard& Poor's Ratings Services affirmed its' A-' long-term and' A-2' short-term corporate ratings on Tyco and wholly owned finance subsidiary Tyco International Finance S.A..
NEW YORK, Oct 3- U.S. crude futures fell 4 percent on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth, even after data showed U.S. crude stocks fel l an d other supportive U.S. data strengthened the dollar.
WELLINGTON/ SYDNEY, Oct 4- The Australian dollar was hemmed in around a one-month low on Thursday as weak data at home and stronger U.S. jobs numbers weighed, dragging the New Zealand dollar to a three-week low in its wake. *The New Zealand dollar at $0.8190 from Wednesday's $0.8215 having been dragged lower in the downdraft of the falling Aussie.
NEW YORK, Oct 3- Cotton prices rose for a third day on Wednesday in range bound trade as early seasonal selling waned and speculative buying emerged driven by a recovery in grains prices. New York cotton for December delivery. Today it got some help from the grain markets, "said Andy Ryan, risk management consultant at INTL FCStone.
NEW YORK-- Oil prices fell the most in five months on Wednesday as China's slowing economy raised questions about the strength of global oil demand. On the New York Mercantile Exchange:. Benchmark crude fell $3.75, or 4.1 percent, to finish at $88.14 per barrel.
NEW YORK-- Marriott International Inc. said Wednesday that it turned a bigger-than-expected profit in the third quarter on higher prices and strong occupancy rates. The results topped Wall Street's and Marriott's own expectations. Marriott is the first major hotel company to report earnings for the peak summer travel season.
NEW YORK, Oct 3- U.S. crude futures fell 4 percent on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth, even after data showed U.S. crude stocks fell last week and other supportive U.S. data strengthened the dollar.
But the chief executives of Las Vegas- based MGM Resorts International and Las Vegas Sands Corp. differed during a keynote panel discussion with four other industry leaders at the Global Gaming Expo about whether states or the federal government are best able to provide oversight.
H-P'S FORECAST: Hewlett-Packard's stock plunged 13 percent after CEO Meg Whitman said the computer maker will continue to struggle with weak sales for the next two years. Profits will likely fall by more than 10 percent next year, she said. OIL: Concerns over an economic slowdown in Europe, China and the U.S. helped push the price of oil down $3.75 to $88.14 a barrel.
TORONTO, Oct 3- Canada's main stock index ended modestly lower on Wednesday, as signs of a worsening economic slowdown in China and Europe weighed on commodity prices and resource shares, offsetting better-than-expected U.S. data. Canadian Natural Resources was the most influential decliner, down 2.9 percent to C $30.28.
WAITING FOR ACTION: Analysts don't expect the European Central Bank to take more action to ease Europe's financial crisis when it holds its monthly policy meeting Thursday.
Two firefighters helped pull Marcello De Finizio inside the basilica a full day after he had eluded Vatican security to scale the dome and unfurl a banner reading: "Help! _ referring to President Mario Monti, the architect of Italy's economic reforms.
Oct 3- The issue isn't whether the Federal Reserve and European Central Bank are monetizing debt now, it is instead whether their actions make them more likely to later.
--MetroPCS has signed a definitive agreement to combine with T-Mobile USA, a subsidiary of Germany- based Deutsche Telekom AG. Rating Action On Oct. 3, 2012, Standard& Poor's Ratings Services placed its ratings on MetroPCS Communications Inc..
The market's gains were held in check by a slump in energy stocks and Hewlett-Packard's 13 percent plunge. "The price action today seems boring, but the economic data is pretty strong," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research.
TORONTO, Oct 3- Canada's main stock index ended slightly lower on Wednesday, as signs of a worsening economic slowdown in China and Europe weighed on commodity prices and resource shares, offsetting better-than-expected U.S. data. The Toronto Stock Exchange's S&P/TSX composite index. ended down 31.76 points, or 0.26 percent, at 12,359.47.
By Yeganeh Torbati and Marcus George. DUBAI, Oct 3- Riot police clashed with demonstrators and arrested money changers in Tehran on Wednesday in disturbances over the collapse of the Iranian currency, which has lost 40 percent of its value against the dollar in a week, witnesses said.
*China, Europe services PMI disappoint. NEW YORK, Oct 3- Oil prices fell sharply on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth and a weakening outlook for petroleum demand, even as supportive U.S. data strengthened the dollar.
The asset management and investment firm hired vetran brokers E.H. Stanley Jr. and Geddings H. Crawford Jr, who previously worked at Morgan Stanley Wealth Management, the brokerage majority-owned by Morgan Stanley. The asset management business of Aviva Plc named Patrick Brien as chief executive of its Asia Pacific region.